The mortgage renewal wall did not crash Canada. But that does not mean the stress disappeared. CMHC’s 2026 mortgage report shows the pain is getting more concentrated. Ontario borrowers are under more pressure, renewals are still biting, and the soft landing is not the same thing as a healthy market. Canada avoided the dramatic headline collapse. Now we get the slower version: payment shock, regional stress, and households quietly adjusting to mortgage math that stopped being easy. #CanadianRealEstate #HousingMarket #MortgageRates #OntarioRealEstate #CMHC

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